GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Luoyang JALON Micro-nano New Materials Co Ltd (SHSE:688357) » Definitions » Retained Earnings

Luoyang JALON Micro-nano New Materials Co (SHSE:688357) Retained Earnings : ¥623.9 Mil (As of Jun. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Luoyang JALON Micro-nano New Materials Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Luoyang JALON Micro-nano New Materials Co's retained earnings for the quarter that ended in Jun. 2024 was ¥623.9 Mil.

Luoyang JALON Micro-nano New Materials Co's quarterly retained earnings increased from Dec. 2023 (¥627.5 Mil) to Mar. 2024 (¥659.2 Mil) but then declined from Mar. 2024 (¥659.2 Mil) to Jun. 2024 (¥623.9 Mil).

Luoyang JALON Micro-nano New Materials Co's annual retained earnings increased from Dec. 2021 (¥437.6 Mil) to Dec. 2022 (¥545.9 Mil) and increased from Dec. 2022 (¥545.9 Mil) to Dec. 2023 (¥627.5 Mil).


Luoyang JALON Micro-nano New Materials Co Retained Earnings Historical Data

The historical data trend for Luoyang JALON Micro-nano New Materials Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Luoyang JALON Micro-nano New Materials Co Retained Earnings Chart

Luoyang JALON Micro-nano New Materials Co Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 118.79 204.58 437.62 545.91 627.53

Luoyang JALON Micro-nano New Materials Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 561.47 622.48 627.53 659.17 623.90

Luoyang JALON Micro-nano New Materials Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Luoyang JALON Micro-nano New Materials Co  (SHSE:688357) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Luoyang JALON Micro-nano New Materials Co Business Description

Traded in Other Exchanges
N/A
Address
Junmin Road, Industrial Cluster District, Henan, Yanshi, CHN, 471900
Luoyang JALON Micro-nano New Materials Co Ltd is a manufacturer of Molecular Sieves, Molecular Sieve Powders and Synthetic Zeolite Powders. The company produces and sells adsorbent materials; catalytic materials; industrial sodium chloride; and chemical products. Its products are used in Hydrogen Purification, Medical & Industrial Oxygen Concentrator, Cryogenic Air Separation, Coating, Sealants, Adhesives, Natural Gas Dehydration and Sweetening, Refinery, Air Break System, Insulating Glass, Refrigerant Dehydration, and Ethanol Dehydration.
Executives
Xu Shi Ye Core technical personnel
Wang Yu Feng Core technical personnel
Bai Pu Senior management, core technical personnel
Guo Yan Xia Core technical personnel
Zhang Yan Core technical personnel
Liu Qiao Xiang Supervisors
Li Jian Bo Director
Zhang Jing Tao senior management
Ning Hong Bo Supervisors
Li Chao Feng Directors, senior managers

Luoyang JALON Micro-nano New Materials Co Headlines

No Headlines